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DraftKings Crashes As "Aggressive Prediction Investments" Drive EBITDA Outlook Cut
DraftKings Crashes As "Aggressive Prediction Investments" Drive EBITDA Outlook Cut
DraftKings shares crashed 24.5% in Friday's premarket trading after the sports betting operator slashed the midpoint of its 2026 adjusted EBITDA forecast to $225 million from $800 million. The mad dash into prediction markets overshadowed a 16% year-over-year increase in third-quarter revenue to $1.33 billion."In just a few months, we have become the clear number three Predictions exchange by Total Volume," CEO Jason Robins wrote in a letter to shareholders.BofA Securities gaming analyst Julie Hoover attributed $475 million of the...
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Apr 15, 2026 / Tyler Durden
Roblox Rolls Out Restricted Accounts For Under-16 Users Amid Lawsuit, Social Media Ban
Roblox Rolls Out Restricted Accounts For Under-16 Users Amid Lawsuit, Social Media Ban
Authored by Rex Widerstrom via The Epoch Times (emphasis ours),
While managing to avoid Australia’s under-16 social media ban, the global game creation platform Roblox has moved to introduce restricted accounts for children and teenagers.
A 7-year-old teenage boy looks at a photo screen with Roblox, a social media networking app that will not be age-restricted in Sydney, Australia on Dec. 7, 2025. George Chan/Getty Images
The move also comes in the wake of a lawsuit from Los Angeles County...
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May 19, 2026 / Tyler Durden
Iran's Floating Oil Stockpile Jumps 65% As U.S. Naval Blockade Bites
Iran's Floating Oil Stockpile Jumps 65% As U.S. Naval Blockade Bites
By Charles Kennedy of OilPrice.com
The volumes of Iranian oil stored at tankers in and around the Strait of Hormuz have jumped in recent weeks as Iran considers ways to circumvent the U.S. blockade in the Gulf of Oman aimed at choking Iranian oil exports.
The number of tankers laden with crude but sitting in the Persian Gulf and near the Strait of Hormuz has jumped since the U.S. initiated in the middle of April a naval blockade to prevent Iranian...
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Mar 28, 2026 / Tyler Durden
The European Union Hates Hungary, Loves Ukraine
The European Union Hates Hungary, Loves Ukraine
Authored by J.B. Shurk via American Thinker,
What’s in a name? These days…not much.
The European Union does not include Ukraine; nevertheless and notwithstanding the objections of E.U. members Hungary and Slovakia...
...the European supra-state insists on paying the salaries of Ukraine’s government bureaucracy while that nation’s martial-law-holdover-president, Volodymyr Zelensky, fights to maintain control over a breakaway region that has rejected Ukrainian rule since the 2014 coup d’état of Ukraine’s then-president, Viktor Yanukovych.
The North Atlantic Treaty Organization does not include Ukraine; nevertheless and notwithstanding the objections of NATO members Hungary and...
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